Agency Update (NY)

Overview

"Who represents whom" is a concept involved in every real estate transaction in which a New York real estate licensee is involved. This quick one-hour course provides a "nuts and bolts" practical agency rules refresher to the student.

Learning Objectives

Upon completion of this course, a student should be able to:

  • differentiate between a client and a customer is in a real estate transaction
  • explain the most popular types of agency agreements used in New York
  • explain how licensees create a dual agency relationship with an in-house sale
  • recognize the importance of informed consent in a dual agency transaction
  • describe the limited responsibilities that an agent has in a disclosed dual agency relationship with designated agents
  • discuss the disclosures that must be made regarding agency relationships, including the timing of those disclosures

Designed For

This course meets the New York real estate license renewal requirement for one hour of instruction pertaining to the law of agency.

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